PRICE ACTION DIVER POWER is a ready-made trading system which independently analyzes the market and determines the key moments of price reversal and rollback according to the rules of Divergence and Convergence.
The indicator gives clear signals about opening and closing trades, as well as shows the levels for placing Take Profit.
All trade alerts duplicate in the form of PUSH-notifications. You can place a trading platform with indicator PRICE ACTION DIVER POWER on the VPS-server, receive trading signals on your smartphone and trade using the mobile version of the MT4 or MT5.
The function of visualization of signals and calculation of statistics shows trading history WITHOUT REDRAWING, and also allows the user to adjust the parameters of the indicator for each specific currency pair or timeframe:
Notice — above you can see a screenshot of the quotes chart, which has the signals of the PRICE ACTION DIVER POWER indicator. In the upper left corner — the indicator shows the statistics of its work for the last 5000 bars. (for a chart with H1 timeframe it is 5000 hours). That is, how much could a trader earn in the last 5000 hours if he used the PRICE ACTION DIVER POWER indicator.
In order to learn more about the potential of the PRICE ACTION DIVER POWER indicator, you can view it in our video:
When you buy the indicator, you get a FREE full portfolio of set files for all available currency pairs (about 30 currency pairs) and timeframes M15 M30 H1 H4 and D1. It’s about 150 set files!
Why do you need set- files?
Set-files are used for automatic configuration of the indicator on a specific currency pair and timeframe to get maximum performance from the indicator DIVER POWER.
We create set files using a special optimization algorithm for a 10-year history of quotes.
The optimization algorithm helps me find the optimal indicator settings for a particular pair and timeframe and shows me what a trader’s profitability chart would look like if he used these settings between 2010 and 2019.
For example, a set file for the EURUSD currency pair (H1 timeframe) has such a profitability chart:
EURAUD currency pair (H1 timeframe) has such a profitability chart:
As we said above, the indicator can be used on 30 currency pairs and 5 timeframes. Imagine the potential of this indicator!! OK, now I’ll tell you how to use the PRICE ACTION DIVER POWER indicator.
All tests and optimization of parameters was carried out on the platform of the broker ICMarkets. Also, we chose this broker for our personal trading. In our opinion, this company is a standard of quality and the best conditions for manual and automatic trading.
IMPORTANT! The FIRST START of PRICE ACTION DIVER POWER indicator
PRICE ACTION DIVER POWER is a multi-currency indicator which simultaneously assesses the entire market basket (all available currency pairs). Therefore, to start the indicator operation, it is necessary:
1. Add all available currency pairs in the «Market Watch» tab:
2. Before the first installation of the indicator, it is necessary to open all charts of quotes from the «Market Watch» tab so that your trading platform automatically downloads all the quotes history necessary for the indicator to work.
3. Pay attention to the name of the currency pairs in your terminal. Often brokerage companies add a special symbol — suffix to the name of currency pairs. For Example — EURUSDf, EURUSD_с, EURUSDm. Respectively — «_с», «m» — it’s a suffix.
If the name of the currency pairs on your platform differs from the traditional name, specify this suffix in the manual settings of the indicator:
For example, write in the manual settings of the indicator suffix «m» if the name — EURUSDm
How to setup PRICE ACTION DIVER POWER
1. Open all charts of currency pairs quotes on which you plan to use the indicator:
We recommend using all currency pairs of the same timeframe at the same time, for example, all pairs for H1 for which there are set files.
2. Apply to each quotation schedule, the indicator DIVER POWER:
After applying the indicator to the quote chart, load in indicator the set-file from the folder (you will receive a folder with set files for automatic indicator configuration after purchasing the indicator).
After installing PRICE ACTION DIVER POWER indicator on the chart, it will automatically search for divergences and convergences on the history of quotations (on the last 5000 candles – for a chart H1 timeframe it is 5000 hours). In the upper left corner — the indicator shows the statistics of its work:
Starting from the moment you set the indicator on the quote chart, DIVER POWER will constantly scan the chart of the currency pair and detect divergences and convergences.
Once the indicator detects a divergence or convergence, it will generate a signal indicating — which currency pair you need to open a trade in which direction. Also, DIVER POWER gives a signal about the need to close trades.
Thus, in order to get the results that the indicator shows in the statistics window, you just need to open and close deals using the indicator signals!
Good news for those who do not have time to constantly be near the computer!! The POWER indicator, the DIVER can send PUSH notifications to your smartphone (how to configure PUSH-notification read here).
That is, the indicator can be installed on your home computer or VPS, scan the market and send you signals, and you can trade using the mobile platform MetaTrade4/5 installed on your smartphone!!
HOW TO TRADE USING PRICE ACTION DIVER POWER
Immediately after generated the signal of divergence or convergence, indicator will place a special line on the quotes chart and place a similar line on the DIVER POWER indicator scale.
• If the line connects the two lows on the quotes chart — is a signal for a BUY trade:
• If the line connects two peaks on the quote chart is a signal for a SELL trade:
When such signals occur, the indicator displays an audio-visual alert and sends a PUSH-notification to the user’s smartphone (if you have configured such a service).
Trades are closed after crossing the POWER line on the lower level 0 indicator. Immediately after crossing the indicator shows an audio-visual alert and sends a PUSH notification to the user’s smartphone.
Thus, PRICE ACTION DIVER POWER will give you signals for BUY and SELL, as well as signals about the need to close your trades.
ALTERNATIVE ALGORITHM OF CLOSING DEALS
Of course it is clear that it is not always possible to close deals in time (for example, you can sleep or do important things at this time, or you will not have an Internet signal). For such cases, we have provided an alternative way to close deals – this is the level of 0% FIBO CHANNEL, the percentage expansion of which the indicator placed directly on the chart:
Thus, at the conclusion of the deal, you can put a fixed level of Take Profit at the level of 0% FIBO CHANNEL. This level will help your trade close automatically if you are unable to reach your trading platform in time!
How to trade with the PRICE ACTION DIVER POWER indicator on a real account, you can watch in our video:
SELF-ADJUSTMENT of PRICE ACTION DIVER POWER
To configure the indicator, use signal levels:
Change their value so that on the indicator scale these levels are located in the places of the most frequent reversal of the POWER line:
An important value is the PROFIT FACTOR parameter on the information display of the indicator. It shows how many times the amount of loss exceeds the amount of loss. The higher the Profit factor, then better you set up the indicator.
Thus, it is necessary to adjust the indicator by yourself:
1. Set signal levels on the places of the most frequent POWER-line reversal.
2. After your setup you got a lot of signals on a history of the quotes chart.
3. The profit factor value must be above «1.5».